Jedi mind trick!
Great answer. But I know for many people, the convenience factor will win out every time. The work of verification and self-custody - not to mention maintaining lightning channels - is what makes many people I talk to in finance say that it’s more for hobbyists than the masses. I think many people like having a trusted intermediary do the work for them. That’s where I get stuck in these discussions…
My favorite one: “that’s not part of our statement of work for this project”
What’s your best argument against dollar-backed #stablecoins for someone who doesn’t buy into the payments use case for #Bitcoin and doesn’t think the dollar is at risk of collapsing anytime soon?
In other words, what makes #Bitcoin and #Lightning a superior payment network in your view?
Gotta love late-stage capitalism workplace politics. 🙄
Gotta love this Amazon review. Guessing it’s someone’s Mom 
Which is actually good news for #Bitcoin
No, being the dominant reserve currency doesn’t come with the unique ability to run a trade deficit. It does create network effects, but those are not fully - or even meaningfully - captured by U.S. interests. Dollar dominance is not the big deal we think it is 
Agreed. And using chat-gpt can help make it even easier!
Ah, but to cook well is a different matter altogether. Same with bathing 😂
In some cases, people may be able to self-fund ventures like that, sure. Happens with fiat and other non-hard money assets, too. But if you don’t have enough Bitcoin or don’t want to part with it outright, you’ll need credit in some shape or form.
Yes, the argument for Bitcoin as hard money makes sense. My point is just that there will still be a need for intermediaries, since a) not everybody will want to take on the burden of self-custody, and b) the need for credit will continue to exist as long as people want to build new things. Make sense?
I dont see Bitcoin going away. I just don’t see all the things you’re talking about happening. I see the need for credit creation for growth enablement continuing to exist, and intermediaries to facilitate it. Hence, I see the need for sound regulation of said intermediaries.
Just something to think about: what if you’re wrong? A lot of what you’re talking about is aspirational. Doesn’t mean it will happen
Well you’re already on a different planet than us, my friend 😆
Not if we colonize Mars… 😂
Agreed. And not everyone wants to live in the same place or buy the same type of car.
Precisely. And you need some institution to create that credit, and then you need regulations for those institutions to follow…